75/25 Strategic Allocation, 3rd Qtr 2021  Ticker: FPURSX
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
Product Code: 7S3Q21
Portfolio Status: Secondary
Initial Offer Date: 07/13/2021
Secondary Date: 10/12/2021
Portfolio Ending Date: 10/17/2022
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.7565
POP(*): $9.8900
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 10/15/2021 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 10/15/2021) Per Unit (as of 10/11/2021)
1.80% $0.17820
^ There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

 Holdings  Export Current Holdings | View Initial Holdings  
 Invesco Senior Loan ETF BKLN 1.14%
 First Trust Senior Loan Fund FTSL 1.14%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.13%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 1.13%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.13%
 First Trust Tactical High Yield ETF HYLS 1.13%
 SPDR Blackstone Senior Loan ETF SRLN 1.13%
 iShares CMBS ETF CMBS 1.12%
 iShares Broad USD High Yield Corporate Bond ETF USHY 1.01%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 1.01%
 Invesco Preferred ETF PGX 1.00%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 1.00%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 1.00%
 iShares Core 10+ Year USD Bond ETF ILTB 1.00%
 First Trust Low Duration Opportunities ETF LMBS 1.00%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.00%
 SPDR Portfolio High Yield Bond ETF SPHY 1.00%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.88%
 iShares MBS ETF MBB 0.88%
 iShares 10-20 Year Treasury Bond ETF TLH 0.88%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 0.88%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 0.88%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.88%
 Invesco Emerging Markets Sovereign Debt ETF PCY 0.86%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.85%
 salesforce.com, inc. CRM 0.76%
 Blackstone Inc. BX 0.76%
 Old Dominion Freight Line, Inc. ODFL 0.73%
 Chipotle Mexican Grill, Inc. CMG 0.72%
 EPAM Systems, Inc. EPAM 0.72%
 Alphabet Inc. (Class A) GOOGL 0.72%
 AutoZone, Inc. AZO 0.70%
 Oracle Corporation ORCL 0.69%
 Microsoft Corporation MSFT 0.69%
 Costco Wholesale Corporation COST 0.69%
 Archer-Daniels-Midland Company ADM 0.67%
 O'Reilly Automotive, Inc. ORLY 0.67%
 Northrop Grumman Corporation NOC 0.67%
 L3Harris Technologies Inc. LHX 0.67%
 The Procter & Gamble Company PG 0.66%
 Cisco Systems, Inc. CSCO 0.66%
 Automatic Data Processing, Inc. ADP 0.65%
 Nucor Corporation NUE 0.65%
 Aflac Incorporated AFL 0.65%
 The Hershey Company HSY 0.65%
 Fastenal Company FAST 0.65%
 Public Service Enterprise Group Incorporated PEG 0.64%
 Adobe Incorporated ADBE 0.64%
 The Travelers Companies, Inc. TRV 0.64%
 Eli Lilly and Company LLY 0.63%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.63%
 Lennar Corporation LEN 0.63%
 Moody's Corporation MCO 0.63%
 Philip Morris International Inc. PM 0.63%
 Kinder Morgan, Inc. KMI 0.63%
 American Electric Power Company, Inc. AEP 0.62%
 D.R. Horton, Inc. DHI 0.62%
 Air Products and Chemicals, Inc. APD 0.62%
 Xcel Energy Inc. XEL 0.61%
 Target Corporation TGT 0.61%
 Applied Materials, Inc. AMAT 0.61%
 Lockheed Martin Corporation LMT 0.61%
 Regeneron Pharmaceuticals, Inc. REGN 0.61%
 Sempra Energy SRE 0.61%
 Mondelez International, Inc. MDLZ 0.61%
 Dollar General Corporation DG 0.61%
 Veeva Systems Inc. (Class A) VEEV 0.61%
 Intel Corporation INTC 0.60%
 Humana Inc. HUM 0.60%
 The Allstate Corporation ALL 0.60%
 American Tower Corporation AMT 0.60%
 Deere & Company DE 0.59%
 T. Rowe Price Group, Inc. TROW 0.59%
 Novo Nordisk A/S (ADR) NVO 0.59%
 Monster Beverage Corporation MNST 0.59%
 Vertex Pharmaceuticals Incorporated VRTX 0.58%
 Facebook, Inc. (Class A) FB 0.58%
 Newmont Corporation NEM 0.57%
 The Progressive Corporation PGR 0.57%
 Chubb Limited CB 0.57%
 3M Company MMM 0.57%
 Amazon.com, Inc. AMZN 0.56%
 ASML Holding N.V. (New York Registry Shares) ASML 0.55%
 Accenture Plc ACN 0.55%
 Sony Group Corp. (ADR) SONY 0.54%
 Cigna Corporation CI 0.54%
 Zurich Insurance Group AG (ADR) ZURVY 0.53%
 Centene Corporation CNC 0.53%
 Crown Castle International Corp. CCI 0.53%
 CSL Limited (ADR) CSLLY 0.53%
 Activision Blizzard, Inc. ATVI 0.52%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.52%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.52%
 Biogen Inc. BIIB 0.51%
 KDDI Corporation (ADR) KDDIY 0.51%
 Hermes International (ADR) HESAY 0.51%
 Nestle S.A. (ADR) NSRGY 0.50%
 Roche Holding AG (ADR) RHHBY 0.50%
 Tokyo Electron Limited (ADR) TOELY 0.50%
 Toyota Motor Corporation TM 0.49%
 SAP SE (ADR) SAP 0.49%
 L'Oreal S.A. (ADR) LRLCY 0.49%
 GlaxoSmithKline Plc (ADR) GSK 0.48%
 Honda Motor Co., Ltd. (ADR) HMC 0.47%
 British American Tobacco Plc (ADR) BTI 0.47%
 Sanofi (ADR) SNY 0.47%
 Air Liquide S.A. (ADR) AIQUY 0.47%
 Volkswagen AG (ADR) VWAGY 0.47%
 Iberdrola S.A. (ADR) IBDRY 0.46%
 Novartis AG (ADR) NVS 0.45%
 A.P. Moeller - Maersk A/S (Class B) (ADR) AMKBY 0.45%
 Rio Tinto Plc (ADR) RIO 0.42%
 SoftBank Group Corp. (ADR) SFTBY 0.41%
 Nintendo Co., Ltd. (ADR) NTDOY 0.40%
 BHP Group Ltd (ADR) BHP 0.38%
 Digital Turbine, Inc. APPS 0.33%
 Houlihan Lokey, Inc. HLI 0.31%
 Coterra Energy Inc. CTRA 0.30%
 Dick's Sporting Goods, Inc. DKS 0.30%
 First American Financial Corporation FAF 0.29%
 AutoNation, Inc. AN 0.28%
 West Pharmaceutical Services, Inc. WST 0.28%
 First Solar, Inc. FSLR 0.28%
 Evercore Inc. EVR 0.28%
 Fidelity National Financial, Inc. FNF 0.28%
 Neurocrine Biosciences, Inc. NBIX 0.27%
 Tractor Supply Company TSCO 0.27%
 Quest Diagnostics Incorporated DGX 0.27%
 Williams-Sonoma, Inc. WSM 0.27%
 CACI International Inc. CACI 0.27%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.27%
 Celanese Corporation CE 0.27%
 NVR, Inc. NVR 0.26%
 Landstar System, Inc. LSTR 0.26%
 Markel Corporation MKL 0.26%
 Erie Indemnity Company ERIE 0.26%
 CDW Corporation CDW 0.26%
 Medpace Holdings, Inc. MEDP 0.26%
 Evergy, Inc. EVRG 0.26%
 Cincinnati Financial Corporation CINF 0.25%
 Kellogg Company K 0.25%
 MDU Resources Group, Inc. MDU 0.25%
 Entergy Corporation ETR 0.25%
 Best Buy Co., Inc. BBY 0.25%
 SEI Investments Company SEIC 0.25%
 Alliant Energy Corporation LNT 0.25%
 Take-Two Interactive Software, Inc. TTWO 0.25%
 Laboratory Corporation of America Holdings LH 0.25%
 Iron Mountain Incorporated IRM 0.25%
 Knight-Swift Transportation Holdings Inc. KNX 0.25%
 The J.M. Smucker Company SJM 0.24%
 Snap-on Incorporated SNA 0.24%
 Old Republic International Corporation ORI 0.24%
 The Cooper Companies, Inc. COO 0.24%
 Pool Corporation POOL 0.24%
 Reliance Steel & Aluminum Co. RS 0.24%
 Watsco, Inc. WSO 0.24%
 BioMarin Pharmaceutical Inc. BMRN 0.24%
 Generac Holdings Inc. GNRC 0.24%
 Expeditors International of Washington, Inc. EXPD 0.23%
 PulteGroup, Inc. PHM 0.23%
 Teradyne, Inc. TER 0.23%
 Akamai Technologies, Inc. AKAM 0.23%
 A.O. Smith Corporation AOS 0.23%
 Deckers Outdoor Corporation DECK 0.23%
 Chemed Corporation CHE 0.22%
 The Toro Company TTC 0.22%
 Ziff Davis Inc. ZD 0.22%
 Universal Health Services, Inc. (Class B) UHS 0.21%
 Incyte Corporation INCY 0.21%
 Pinnacle West Capital Corporation PNW 0.20%
 Foot Locker, Inc. FL 0.19%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.19%
 Casella Waste Systems, Inc. CWST 0.16%
 National Beverage Corp. FIZZ 0.16%
 Moelis & Company (Class A) MC 0.16%
 Atkore Inc. ATKR 0.16%
 Saia, Inc. SAIA 0.15%
 Amedisys, Inc. AMED 0.15%
 Shutterstock, Inc. SSTK 0.15%
 Murphy USA Inc. MUSA 0.15%
 Blueprint Medicines Corporation BPMC 0.15%
 American National Group, Inc. ANAT 0.15%
 ICU Medical, Inc. ICUI 0.14%
 Meritage Homes Corporation MTH 0.14%
 Hub Group, Inc. HUBG 0.14%
 Seaboard Corporation SEB 0.14%
 Greif, Inc. GEF 0.14%
 Quidel Corporation QDEL 0.14%
 PS Business Parks, Inc. PSB 0.14%
 Tri Pointe Homes, Inc. TPH 0.14%
 Premier, Inc. (Class A) PINC 0.14%
 ServisFirst Bancshares, Inc. SFBS 0.14%
 Flowers Foods, Inc. FLO 0.13%
 IDACORP, Inc. IDA 0.13%
 Sanmina Corporation SANM 0.13%
 Simpson Manufacturing Co., Inc. SSD 0.13%
 Sanderson Farms, Inc. SAFM 0.13%
 FTI Consulting, Inc. FCN 0.13%
 Franklin Electric Co., Inc. FELE 0.13%
 The Boston Beer Company, Inc. SAM 0.13%
 World Wrestling Entertainment, Inc. WWE 0.13%
 Stepan Company SCL 0.13%
 Southwest Gas Holdings, Inc. SWX 0.13%
 Werner Enterprises, Inc. WERN 0.12%
 Brady Corporation BRC 0.12%
 UniFirst Corporation UNF 0.12%
 MAXIMUS, Inc. MMS 0.12%
 Silgan Holdings Inc. SLGN 0.12%
 RLI Corp. RLI 0.12%
 Commercial Metals Company CMC 0.12%
 Coca-Cola Consolidated Inc. COKE 0.12%
 The Hanover Insurance Group, Inc. THG 0.12%
 ManTech International Corporation MANT 0.12%
 Hilltop Holdings Inc. HTH 0.12%
 Grand Canyon Education, Inc. LOPE 0.12%
 Dorman Products, Inc. DORM 0.12%
 Piedmont Office Realty Trust, Inc. PDM 0.12%
 Acushnet Holdings Corp. GOLF 0.12%
 Cannae Holdings, Inc. CNNE 0.12%
 Graham Holdings Company GHC 0.11%
 Telephone and Data Systems, Inc. TDS 0.11%
 Lancaster Colony Corporation LANC 0.11%
 United States Cellular Corporation USM 0.11%
 Mercury General Corporation MCY 0.11%
 TTEC Holdings, Inc. TTEC 0.11%
 LGI Homes, Inc. LGIH 0.11%
 Sage Therapeutics, Inc. SAGE 0.11%
 Allscripts Healthcare Solutions, Inc. MDRX 0.10%
 Agios Pharmaceuticals, Inc. AGIO 0.10%
 CareDx, Inc. CDNA 0.10%
 Owens & Minor, Inc. OMI 0.09%
 Medifast, Inc. MED 0.09%
 Cassava Sciences, Inc. SAVA 0.07%
 Consensus Cloud Solutions, Inc. CCSI 0.04%
Total Number of Holdings:    235
Underlying Securities information represented above is as of 10/14/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 20, 2021
$0.04500 November 19, 2021
$0.04500 December 20, 2021

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.

Brexit Risk. About one year after the United Kingdom officially departed the European Union (commonly referred to as "Brexit"), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market. Certain ETFs may employ the use of leverage, which increases the volatility of such funds.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial professional or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.